Invesco S&P SmallCap Consumer Discretionary ETF (NASDAQ:PSCD) Short Interest Update

Invesco S&P SmallCap Consumer Discretionary ETF (NASDAQ:PSCD) was the target of a large increase in short interest in the month of May. As of May 28th, there was short interest totalling 58,900 shares, an increase of 766.2% from the May 13th total of 6,800 shares. Based on an average daily volume of 25,900 shares, the days-to-cover ratio is presently 2.3 days.

Shares of NASDAQ:PSCD traded down $6.05 on Friday, hitting $117.56. The company had a trading volume of 24,327 shares, compared to its average volume of 23,118. The stock’s 50-day moving average is $115.95. Invesco S&P SmallCap Consumer Discretionary ETF has a 1 year low of $51.74 and a 1 year high of $126.08.

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 31st. Investors of record on Tuesday, March 23rd were paid a $0.088 dividend. This represents a $0.35 dividend on an annualized basis and a yield of 0.30%. The ex-dividend date was Monday, March 22nd.

A number of institutional investors and hedge funds have recently modified their holdings of PSCD. Carroll Financial Associates Inc. purchased a new position in shares of Invesco S&P SmallCap Consumer Discretionary ETF during the 1st quarter worth approximately $91,000. Beacon Pointe Advisors LLC bought a new stake in shares of Invesco S&P SmallCap Consumer Discretionary ETF during the first quarter valued at approximately $213,000. Meridian Investment Counsel Inc. purchased a new stake in Invesco S&P SmallCap Consumer Discretionary ETF in the first quarter worth $213,000. LPL Financial LLC bought a new position in Invesco S&P SmallCap Consumer Discretionary ETF in the fourth quarter worth $264,000. Finally, Susquehanna International Group LLP purchased a new position in Invesco S&P SmallCap Consumer Discretionary ETF during the fourth quarter valued at $317,000.

About Invesco S&P SmallCap Consumer Discretionary ETF

PowerShares S&P SmallCap Consumer Discretionary Portfolio (the Fund) seeks investment results that correspond generally to the price and yield performance of an index called the S&P SmallCap 600 Capped Consumer Discretionary Index (the Underlying Index). The Underlying Index consists of common stocks of the United States consumer discretionary companies that are principally engaged in the businesses of providing consumer goods and services that are cyclical in nature, including, but not limited to, household durables, leisure products and services, computers and electronics, automobiles and auto components, hotel and restaurant services, and television and other entertainment goods and services.

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